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A strong quarter for US energy producers is running into a political wall.
Chevron and Exxon both reported soaring profits as President Donald Trump threatened price interventions, a combination that is drawing increased scrutiny to the industry ahead of US midterm elections.
Profits and politics collide The earnings surge at Chevron and Exxon reflects a sector-wide cycle that has broadly rewarded the largest integrated oil producers.
That cycle is now attracting the kind of Washington attention that typically accompanies consumer price pressures in an election year.
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